During the meeting of PTCL Board of Directors held at Islamabad, PTCL announced its annual financial results for the year ended December 31, 2015.
PTCL Posts Net Profit of Rs 8.8 billion in FY 2015
PTCL received revenues of Rs. 75.8 billion for the FY 2015. Data revenues considerably augmented by 12% as compared to last year. The Company’s productivity continued to remain stable regardless of competition, specifically in the broadband segment. Gross and net profit of the Company stood at Rs. 22.0 billion and Rs. 8.8 billion individually. PTCL group’s revenues for the year stood at Rs. 118.6 billion.
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PTCL cash flows sustained healthy and stable in FY 2015 due to constant efforts to enhance costs as well as strong market position. This spur continued across all business activities of PTCL comprising the fixed and wireless broadband and enterprise solutions.
Walid Irshaid, President & CEO PTCL said,
“Our robust results again demonstrate the ability of our diversified line of business to perform to the expectations of our shareholders.”
He further added,
“PTCL’s performance during the past year is a strong indicator of our dynamic corporate direction, as well as our customers’ continued satisfaction in company’s products and services.”
PTCL has professed 20% final cash disbursement, inclusive of 10% interim dividend. PTCL’s broadband businesses has been stable throughout the year including its DSL and EvDO services. Smart Tv has been its developing sector while it revenues from LDI sector witnessed improvement as well.